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Stock Market & Financial Investment News

News Breaks
June 13, 2014
10:09 EDTTWX, MDP, TIMETime Inc. seen as acquistion target for Meredith
Magazine publisher Time Inc. (TIME) could be acquired by another magazine publisher, Meredith (MDP), late next year, Citigroup wrote in a note to investors earlier today. Citigroup initiated coverage of Time, which was spun off earlier this month by Time Warner (TWX), with a $28 price target and Buy rating. WHAT'S NEW: Meredith could buy Time in the fourth quarter of 2015, Citi analyst Jason Bazinet predicted. The deal is not likely to occur before then because of the tax-free nature of the Tiime spin-off, the analyst believes. Time shareholders would probably receive $28 per share in a takeover and would have 40%-48% of Meredith's equity following the deal, Bazinet estimated. The combined company could obtain $175M in annual cost savings from the deal and Meredith's stock would likely rise in the wake of the acquisition, the analyst believes. PRICE ACTION: In early trading, Time fell about 1% to $22.28 while Meredith was also down 1% to $43.80.
News For TIME;MDP;TWX From The Last 14 Days
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July 5, 2015
16:52 EDTTWXUniversal's 'Jurassic World' leads U.S. weekend box office with $30.9M
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June 28, 2015
15:40 EDTTWXUniversal's 'Jurassic World' leads U.S. weekend box office with $54.2M
For the weekend of June 28, Comcast (CMCSA, CMCSK) subsidiary Universal's "Jurassic World" topped domestic box office charts at $54.2M. Disney's (DIS) "Inside Out" landed in second place with $52.1M, while Universal's "Ted 2" came in third with $32.9M. Time Warner (TWX) subsidiary Warner Bros.' "Max" and Fox's (FOX, FOXA) "Spy" took fourth and fifth place at $12.2M and $7.8M, respectively. Data gathered by Rentrak.
June 25, 2015
08:38 EDTMDP, TIMECiti sees less likelihood of Meredith acquiring Time
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06:20 EDTMDPMeredith, Iconix among those looking at Martha Stewart, NY Post reports
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June 24, 2015
14:46 EDTTWXHBO deal an early sign of Facebook original content plans, says Brean Capital
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12:27 EDTTWXHBO to offer free episodes of 'Ballers', 'The Brink' on Facebook, Variety says
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11:01 EDTTIMETime Inc. signs content partnership wtih Trivia Crack
Time Inc. announced that it has entered into a content partnership with Etermax, a mobile game developer that is launching a sequel to Trivia Crack, a mobile game with 74 million downloads in the US alone. The Trivia Crack sequel will be released in the third quarter and will have additional social features, as well as improved game-play. The brands of Time Inc. will provide questions and answers that will form the basis for eight categories of Trivia Crack gaming. Dedicated staff at Time Inc. will write questions that fall within each of the categories, and they will also publish user-generated questions.
June 21, 2015
16:21 EDTTWXUniversal's 'Jurassic World' leads U.S. weekend box office with $102M
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